iOS app Android app

Community Banks

Don't Abolish SBA; Mills Says Her Agency Is Faster, Quicker, Better

Jerry Chautin | Posted 06.11.2012 | Business
Jerry Chautin

Some legislative ideologues and conservative groups would rather abolish the SBA than spend taxpayers' money to boost its small business loan-guarantee programs.

Matt Sledge

Lobbyist Brags About Helping Rep. Win Primary Challenge: 'It Helps To Have Friends'

HuffingtonPost.com | Matt Sledge | Posted 03.22.2012 | Politics

Earlier this month Rep. Spencer Bachus (R-Ala.), chairman of the powerful House committee that oversees the financial services industry, was facing a ...

Zach Carter

'We'll Fight This To The Death': The Vicious Capitol Hill Battle Between Banks and Credit Unions

HuffingtonPost.com | Zach Carter | Posted 03.22.2012 | Politics

WASHINGTON -- In early February, Alabama Republican Spencer Bachus called for a meeting between two of the most quietly influential interest groups in...

Giving Up Your Bank for Lent

Michael Winship | Posted 05.15.2012 | Money
Michael Winship

On Ash Wednesday, churches in San Francisco announced they were removing $10 million from Wells Fargo and called on the bank "to put an immediate freeze on its foreclosures and repent for their misconduct." The effort is part of several national campaigns to get consumers and community groups to remove their money from the big banks and transfer accounts to credit unions and smaller financial institutions. We're told that the banks, desperate when thrown a lifeline by taxpayers in 2008, are now stronger and better able to weather a crisis than they were. And yet, they continue to scream in protest and lobby on Capitol Hill against the ignominy of reform. Simple greed -- hey banks, how about giving that up for Lent?

Zach Carter

Swipe Fee Fallout Has Small Banks Relishing Rare Advantage Over Wall Street

HuffingtonPost.com | Zach Carter | Posted 03.02.2012 | Politics

Last year's wild legislative melee over debit card swipe fees featured a curious contradiction: Although big Wall Street banks stood to lose the most ...

Banking 2012: Maneuvering to Survive the Desert Landscape of Zero Interest Rates

Dennis Santiago | Posted 04.07.2012 | Business
Dennis Santiago

Simply put, with zero interest rates pushing operating margins down to nothing, the only thing starving bankers have left to do to survive the drought is cannibalize the industry.

The State of Small Business: Credit and Jobs Must be Addressed

John Arensmeyer | Posted 03.31.2012 | Small Business
John Arensmeyer

For too long, small businesses have been struggling to bear the brunt of the recession. Lending has all but dried up, and too many lawmakers are spending more time playing politics than working to pass smart legislation to help them. How do we know small business owners feel this way? We asked them.

MI Dems Push Jobs Jolt

The Huffington Post | David Sands | Posted 11.14.2011 | Detroit

Lansing Democrats are rallying behind legislation in the House of Representatives designed to spark growth for small businesses and hire out-of-work M...

SBA is Making Lines of Credit More Available --- Maybe

Jerry Chautin | Posted 01.11.2012 | Small Business
Jerry Chautin

To provide the much-needed liquidity, the U. S. Small Business Administration is revising its CAPLine program to make lines of credit more acceptable to lenders and more available to small-business owners. However, banks would rather make conventional LOCs rather than hassle with some of the SBA's requirements.

Stunning Number: Big Banks Set to Lose 70,000 Accounts on Move Your Money Day

Van Jones | Posted 01.04.2012 | Business
Van Jones

Today, tens of thousands of people all over the country will leave the big banks and move their money to community banks and credit unions, where people remember things like customer service and loyalty.

To Increase Small Business Loans, Revive What Has Already Worked

Steve Grossman | Posted 01.04.2012 | Small Business
Steve Grossman

The Small Business Administration's loan incentive program worked brilliantly, and it will work again. Washington should act -- and act now -- to provide another $2 billion to help small businesses, their workers and the taxpayers.

Zach Carter

MoveOn Joins Move Your Money Project For Nov. 5 Day Of Action

HuffingtonPost.com | Zach Carter | Posted 01.03.2012 | Politics

With the Occupy movement continuing to gather momentum, political organizers at the progressive nonprofit MoveOn are joining a campaign from other pro...

Community Bank To Pay Customers To Open Accounts In Response To BofA's Fees

Posted 10.14.2011 | Business

While many banking giants are starting to charge fees for debit card use and other once-free services on checking accounts, one regional bank is doing...

Bank of America's Outrageous Debit Fee -- Another Reason to Break Up the Big Wall Street Banks

Robert Creamer | Posted 12.10.2011 | Politics
Robert Creamer

Let's make Bank of America remember the old adage: "The pigs get fat and the hogs get slaughtered." Let's use their own greed to stoke the "Occupy Wall Street" sentiment that is -- quite correctly -- sweeping the country.

It's Really Time to Move Your Money!

Michael McGown | Posted 11.13.2011 | Business
Michael McGown

While there are a number of sources for locating good, small, customer-friendly banks and credit unions, I've found two that are quite helpful.

Trymaine Lee

Black-Owned Banks Struggle To Stay Out Of The Red

HuffingtonPost.com | Trymaine Lee | Posted 10.22.2011 | Black Voices

After more than a century of delivering financial resources to underserved communities, black-owned banks are struggling to remain relevant -- and sol...

Some Real Estate Agents Are In Cahoots With Fraudsters

Jerry Chautin | Posted 08.31.2011 | Business
Jerry Chautin

With declining prices, scammers are using short sales to make a fast buck by purchasing properties at below-market prices and immediately flopping them to new buyers.

Against Their Own Interests

Mike Lux | Posted 08.03.2011 | Business
Mike Lux

It's unfortunate that some community bankers have gotten caught up on the wrong side of this battle, but the bottom line couldn't be clearer. Swipe fee regulation is a straightforward fight between Main Street and Wall Street.

Zach Carter

Bair Cries Foul At Bernanke Over Swipe Fees

HuffingtonPost.com | Zach Carter | Posted 07.12.2011 | Politics

WASHINGTON -- The Federal Reserve chairman and Federal Deposit Insurance Corporation chairwoman insisted Thursday that regulating the fees banks can c...

Bernanke: Dodd-Frank Should 'Level Playing Field' For Small Banks

Reuters | Dave Clark | Posted 05.25.2011 | Business

SAN DIEGO - New financial regulatory reforms should help reduce the edge that large banks have over smaller ones because of their implicit support f...

Why Republicans Hate Warren's CFPB But Love Another Bank Regulator

Stacy Mitchell | Posted 05.25.2011 | Business
Stacy Mitchell

What's really at issue in the fight over the CFPB is not how the agency is structured or how much power it will have, but whose interests it serves.

Zach Carter

Senators Back Delay In Crackdown On Fees That Yield Billions For Banks

HuffingtonPost.com | Zach Carter | Posted 05.25.2011 | Politics

WASHINGTON -- On Tuesday, a group of nine senators led by Montana Democrat Jon Tester put their names behind legislation to delay the Federal Reserve'...

Zach Carter

Bank Lobby Splinters On CFPB Ahead Of Director Confirmation Deadline

HuffingtonPost.com | Zach Carter | Posted 05.25.2011 | Politics

WASHINGTON -- A rift is emerging among bank lobbyists over the new Consumer Financial Protection Bureau as the deadline approaches for President Barac...

More Banks Closing In Poorer Areas

nytimes.com | Nelson D. Schwartz | Posted 05.25.2011 | Business

n 2010, for the first time in 15 years, more bank branches closed than opened across the United States. An analysis of government data shows, however,...

State Banks: A New, Old Idea to Increase Growth in Your Community

Sara Ackerman | Posted 05.25.2011 | Business
Sara Ackerman

What has caused the resurgence? It is in large part due to the remarkable success experienced by North Dakota as the rest of the nation suffers through the global financial crisis.